# Evoco AG acquires six Gesco AG subsidiaries including Frank Walz-und Schmiedetechnik

Switzerland's Evoco AG acquired six subsidiaries of Gesco AG, including Frank Walz-und Schmiedetechnik GmbH, Europe's leading manufacturer of wear parts for agricultural technology, and four companies from the mobility technology segment. The combined turnover of the acquired companies was EUR 100 million in 2019.

- Type: Acquisition
- Announced: 2020-12-29
- Where: Wuppertal, Germany
- Value: $120.0M (100.0M EUR)
- Status: announced
- Products: wear parts for agricultural technology, CNC-fabricated parts, mobility technology components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GESCO SE](https://endata.com/companies/13252.md) (partner)
- [Evoco AG](https://endata.com/companies/52185.md) (acquirer)
- [Frank Walz-und Schmiedetechnik GmbH](https://endata.com/companies/52186.md) (target)
- [C.F.K. CNC-Fertigungstechnik Kriftel GmbH](https://endata.com/companies/52187.md) (target)
- [Paul Beier GmbH & Co. KG](https://endata.com/companies/52188.md) (target)

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/deals-and-cases/15515-noerr-advises-evoco-on-takeover-of-gesco-subsidiaries-from-wuppertal), 2020-12-29: "Evoco is taking over Frank Walz-und Schmiedetechnik GmbH, Europe’s leading manufacturer of wear parts for agricultural technology."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.